KTG 0.00% 14.5¢ k-tig limited

KTG Chart, page-20

  1. YLJ
    819 Posts.
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    https://hotcopper.com.au/data/attachments/2798/2798431-19b7dc4e9d50353eff5b61771f18f2bc.jpg
    1.25-year H&S bottom on the weekly chart that with a decisive move above the resistance zone
    today on good volume. The small congestion on the daily (with flag-like properties) did not see
    much retracement and seems very bullish. I am long today @0.365 with a stop @0.310
    My first target is a half-staff projection from the congestion with a target of 0.445 and will be watching
    how it behaves around that level (if it gets there).
    The measured move of the H&S is circa 0.615 and is my primary target.
    Volume indicator (OBV & TMF) are supportive.

    I am a primarily technical trader, but I cannot help mention that this company really looks
    interesting. The project time-saving and energy cost savings they claim to provide are
    really quite remarkable IMO. "Industry-disrupting"?
    If I can hang in till the quarterly update I will consider attempting to hold a portion
    longer term if I can if I can derisk and bank some profits. Till then it is just another trade for me.

    GLTA
    Last edited by YLJ: 11/01/21
 
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